As of September 01, 2026, the average salary for a Contract Manager in Loretto, MN is $137,736 per year, which breaks down to an hourly rate of $66.
However, a Contract Manager's salary can vary significantly. Here’s a look at the typical salary range:
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A Contract Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, skills and company size can directly affect your earning potential.
Experience is a primary driver of a Contract Manager's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Contracts... Level Contract Manager | $97,628 |
| Contracts... Level Contract Manager | $119,698 |
| Contract ... Level Contract Manager | $136,780 |
| Contracts... Level Contract Manager | $183,154 |
| SVP of Co... Level Contract Manager | $274,031 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Negotiating | 5.58% |
| Business Development | 2.26% |
| Government Contracting | 1.47% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Workflow Management
|
$147,378 |
7%
|
|
Clinical Trial
|
$141,868 |
3%
|
|
Proposal Development
|
$141,868 |
3%
|
|
Process Improvement
|
$140,491 |
2%
|
|
Leadership
|
$140,491 |
2%
|
|
Government Contracting
|
$140,491 |
2%
|
For Contract Manager roles, the industry you choose can affect earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Biotechnology sectors offer the strongest compensation, at 20% above the average. In contrast, Contract Manager positions in Transportation or Telecom typically offer lower base pay, as these industries often view Contract Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $165,283 | $79.0 | 20% |
| Biotechnology | $158,396 | $76.0 | 15% |
| Business Services | $151,510 | $73.0 | 10% |
| Chemicals | $148,755 | $72.0 | 8% |
| Construction | $146,000 | $70.0 | 6% |
Understanding how a Contract Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on September 01, 2026Ready to take the next step in your career? Browse thousands of current Contract Manager job openings on our job board. Use the search bar below to find your perfect match.
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